Breaking: Morgan Stanley Reaffirms $35 Target Price per Share On FirstEnergy (NYSE:FE) Shares, Reaffirms Their Original Overweight Rating

February 14, 2018 - By Clifton Ray

 Breaking: Morgan Stanley Reaffirms $35 Target Price per Share On FirstEnergy (NYSE:FE) Shares, Reaffirms Their Original Overweight Rating

Investors sentiment decreased to 1.13 in 2017 Q3. Its down 0.08, from 1.21 in 2017Q2. It dived, as 35 investors sold FirstEnergy Corp. shares while 155 reduced holdings. 54 funds opened positions while 161 raised stakes. 360.52 million shares or 3.08% more from 349.76 million shares in 2017Q2 were reported.

Hanson Mcclain Inc has invested 0% in FirstEnergy Corp. (NYSE:FE). Windsor Cap Mgmt Ltd Liability invested in 0.14% or 9,760 shares. Mutual Of America Lc has invested 0.04% in FirstEnergy Corp. (NYSE:FE). Morgan Stanley accumulated 2.34M shares. Brookstone holds 174,886 shares or 0.49% of its portfolio. Sii Investments Wi reported 21,051 shares. Walleye Trading Limited Liability Company accumulated 6,155 shares. Northcoast Asset Mngmt Llc has 59,523 shares. Arizona State Retirement System invested 0.1% in FirstEnergy Corp. (NYSE:FE). Moreover, Stevens Cap Mgmt L P has 0.54% invested in FirstEnergy Corp. (NYSE:FE). M&R Cap Mgmt accumulated 0% or 500 shares. Texas Permanent School Fund reported 123,130 shares. Marshall Wace Llp holds 0.01% of its portfolio in FirstEnergy Corp. (NYSE:FE) for 9,529 shares. Utd Cap Fin Advisers Limited Liability owns 6,641 shares for 0% of their portfolio. Cap Investment Ltd Liability Co invested in 0.02% or 11,322 shares.

FirstEnergy (NYSE:FE) Rating Reaffirmed

Investment analysts at Morgan Stanley now has a $35 price target on FirstEnergy (NYSE:FE). Morgan Stanley and their recent price target means a potential upside of 9.03 % from the company’s last stock close. The rating has been revealed to investors in a note on 13 February.

Investors sentiment decreased to 1.13 in 2017 Q3. Its down 0.08, from 1.21 in 2017Q2. It dived, as 35 investors sold FirstEnergy Corp. shares while 155 reduced holdings. 54 funds opened positions while 161 raised stakes. 360.52 million shares or 3.08% more from 349.76 million shares in 2017Q2 were reported.

Hanson Mcclain Inc has invested 0% in FirstEnergy Corp. (NYSE:FE). Windsor Cap Mgmt Ltd Liability invested in 0.14% or 9,760 shares. Mutual Of America Lc has invested 0.04% in FirstEnergy Corp. (NYSE:FE). Morgan Stanley accumulated 2.34M shares. Brookstone holds 174,886 shares or 0.49% of its portfolio. Sii Investments Wi reported 21,051 shares. Walleye Trading Limited Liability Company accumulated 6,155 shares. Northcoast Asset Mngmt Llc has 59,523 shares. Arizona State Retirement System invested 0.1% in FirstEnergy Corp. (NYSE:FE). Moreover, Stevens Cap Mgmt L P has 0.54% invested in FirstEnergy Corp. (NYSE:FE). M&R Cap Mgmt accumulated 0% or 500 shares. Texas Permanent School Fund reported 123,130 shares. Marshall Wace Llp holds 0.01% of its portfolio in FirstEnergy Corp. (NYSE:FE) for 9,529 shares. Utd Cap Fin Advisers Limited Liability owns 6,641 shares for 0% of their portfolio. Cap Investment Ltd Liability Co invested in 0.02% or 11,322 shares.

FirstEnergy Corp. (NYSE:FE) Ratings Coverage

Among 20 analysts covering FirstEnergy (NYSE:FE), 7 have Buy rating, 1 Sell and 12 Hold. Therefore 35% are positive. FirstEnergy has $47.0 highest and $1 lowest target. $35.36’s average target is 10.16% above currents $32.1 stock price. FirstEnergy had 73 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of FirstEnergy Corp. (NYSE:FE) earned “Hold” rating by RBC Capital Markets on Sunday, September 10. Jefferies maintained FirstEnergy Corp. (NYSE:FE) on Tuesday, June 20 with “Hold” rating. IBC downgraded the shares of FE in report on Friday, November 6 to “Sector Underperform” rating. The firm earned “Neutral” rating on Monday, October 19 by Goldman Sachs. Citigroup maintained it with “Sell” rating and $31 target in Wednesday, July 20 report. The company was downgraded on Thursday, April 28 by Barclays Capital. The stock has “Overweight” rating by Barclays Capital on Wednesday, December 2. On Tuesday, July 26 the stock rating was downgraded by Goldman Sachs to “Sell”. The firm has “Sector Perform” rating given on Friday, November 6 by RBC Capital Markets. The company was upgraded on Monday, August 14 by Evercore.

The stock increased 1.90% or $0.6 during the last trading session, reaching $32.1. About 10.01M shares traded or 50.26% up from the average. FirstEnergy Corp. (NYSE:FE) has declined 12.70% since February 14, 2017 and is downtrending. It has underperformed by 29.40% the S&P500.

Analysts await FirstEnergy Corp. (NYSE:FE) to report earnings on February, 20. They expect $0.66 EPS, up 73.68 % or $0.28 from last year’s $0.38 per share. FE’s profit will be $293.61 million for 12.16 P/E if the $0.66 EPS becomes a reality. After $0.97 actual EPS reported by FirstEnergy Corp. for the previous quarter, Wall Street now forecasts -31.96 % negative EPS growth.

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. The company has market cap of $14.28 billion. The firm operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services divisions. It currently has negative earnings. It owns and operates coal-fired, nuclear, hydroelectric, oil and natural gas, wind, and solar power generating facilities.

More notable recent FirstEnergy Corp. (NYSE:FE) news were published by: Seekingalpha.com which released: “Bloomberg: Trump administration weighing aid for FirstEnergy coal plants” on February 09, 2018, also Prnewswire.com with their article: “Pre-Market Technical Scan on Electric Utilities Equities — Entergy …” published on February 14, 2018, Crainscleveland.com published: “FirstEnergy Corp. secures $2.5 billion equity investment” on January 22, 2018. More interesting news about FirstEnergy Corp. (NYSE:FE) were released by: Seekingalpha.com and their article: “Utility FirstEnergy: Time To ‘Belly Up To The Bar’?” published on January 23, 2018 as well as Prnewswire.com‘s news article titled: “FirstEnergy to Webcast Fourth Quarter Earnings Teleconference” with publication date: February 13, 2018.

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